AppLovin Corp.'s share price soared to $525.15 in February before dropping over 35% due to a class action lawsuit and negative short seller reports. Currently, the stock is down 13.7% since the year's start but remains up 300.7% year-over-year, outperforming market indices. AppLovin continues to grow by enhancing AI-driven advertising and venturing into e-commerce. Despite recent challenges, retail investors are still optimistic about its potential for substantial returns, indicating confidence in its long-term growth trajectory and market relevance.
AppLovin Corp.'s stock plunged over 35% after reaching an all-time high, impacted by a class action lawsuit and short selling, despite long-term growth.
Since its 2021 IPO, AppLovin's share price has dramatically increased by 381.8%, showcasing its strong growth potential, particularly in AI-enabled advertising.
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